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NetApp (NASDAQ:NTAP) Director Daniel J. Warmenhoven unloaded 120,000 shares of the stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $42.04, for a total value of $5,044,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.

NTAP has been the subject of a number of recent research reports. Analysts at Sterne Agee raised their price target on shares of NetApp from $34.00 to $35.00 in a research note on Thursday, August 14th. They now have a “neutral” rating on the stock. Separately, analysts at Cantor Fitzgerald raised their price target on shares of NetApp from $45.00 to $47.00 in a research note on Thursday, August 14th. They now have a “buy” rating on the stock. Finally, analysts at Macquarie raised their price target on shares of NetApp from $38.00 to $41.00 in a research note on Thursday, August 14th. They now have a “neutral” rating on the stock. Two research analysts have rated the stock with a sell rating, twenty have given a hold rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $41.19.

Shares of NetApp (NASDAQ:NTAP) traded down 0.44% on Thursday, hitting $41.91. 3,338,705 shares of the company’s stock traded hands. NetApp has a one year low of $33.34 and a one year high of $45.96. The stock’s 50-day moving average is $39.70 and its 200-day moving average is $37.45. The company has a market cap of $13.380 billion and a P/E ratio of 22.28.

NetApp (NASDAQ:NTAP) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.57 by $0.03. The company had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.47 billion. On average, analysts predict that NetApp will post $3.00 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 22nd. Investors of record on Friday, October 10th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 1.57%. The ex-dividend date is Wednesday, October 8th.

NetApp, Inc (NASDAQ:NTAP) is a provider of storage systems and data management solutions for information technology (IT) infrastructures.

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